Info found on the Wikipedia:

"On 16 April 2012, De'Longhi bought perpetual rights to manufacture Braun branded products from Procter & Gamble in the small appliance segment. Procter & Gamble will continue to own the Braun brand.[1]"

"De'Longhi's £45.9 million[4] (about $66.7 million) 2001 acquisition of the British appliance maker Kenwood gave De'Longhi access to Kenwood's Chinese factory. As a result, many of De'Longhi's products are now imported from China, while design and engineering remain largely in Italy."